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1.Builders in Gurugram may face penalty of up to Rs 3 billion

The Haryana Real Estate Regulatory Authority (HRERA) will reportedly impose a penalty of about Rs 3 billion to Gurugram developers. As reported, the authority has, in the last two years, received 9,496 complaints, of which 6,598 have been disposed off or resolved. It has also issued 509 penalty notices to builders who have defaulted in terms of complying with various provisions of the real estate law. HRERA has imposed penalty of about Rs 400 million on builders so far.


2.Crisis Calls for Capital

With funding from banks and NBFCs to India’s real-estate sector continuing to be a struggle, the sector recorded an investment of $5.397 billion in 2019.


3.Budget announcements impact building materials segment

Indirect announcements made in Budget 2020 impact the building materials segment


4.Roads projects to be executed the EPC route

The ministry is prioritising asset monetisation and EPC, which will be entirely funded by the government.


5.Shortage of 12 lakh skilled welding professionals may derail the infra growth story

The Indian Institute of Welding (IIW) has estimated a short supply of 1.2 million welding professionals


6.e-novation Centre is India’s first hub for Corporate R&D, trainings and innovation

Spread over 12 acre, the corporate innovation hub, built by RSP Developers, is a LEED Gold rated centre


7.Railways to invest over Rs 10 tn in the next 5 years

100 % FDI in railway is a significant policy shift to adopt global best practices.


8.Vikram Solar Brings Solar Energy to 3 More Airports in India

Vikram Solar commissioned three new solar plants for Airport Authority of India (AAI) in Dibrugarh, Gaya, and Gondia, boosting the company’s contribution to solarisation of airports in India.


9.Union Cabinet approves NHAI’s request to set up an infrastructure investment trust

As reported, the National Highways Authority of India (NHAI) received the Union Cabinet’s approval for setting up an infrastructure investment trust (InvIT) – permitting the body to monetise its completed national highways and therefore, fulfil its funding requirements.


10.FASTags set the tone for Digital India

Government extends deadline to obtain FASTags, will aid in sale of highway road assets


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